Purchasing power

Article Abstract:

Philippine entrepreneur William Gatchalian is building a personal business empire at a rapid pace prompting some observers to wonder whether he can keep it together. Gatchalian has embarked upon a buying binge and owns almost a dozen major companies spread among five major business groups ranging from banking, plastics and real estate. The 46-year old Chinese-Filipino established domestic air carrier Air Philippines in Mar 1996 and plans to expand its fleet from 12 to 16 aircraft.

Commercial Banks, Commercial Banking, Scheduled Airlines, Scheduled Air Transportation, Real Estate, Real Estate and Rental and Leasing, Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Air Transportation, Scheduled, And Air Courier Services, Exploratory Oil & Gas Wells, Investments, Airlines, Natural gas exploration, Natural gas wells, Businessmen, Petroleum exploration, Oil wells, Gatchalian, William

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Seeing the light

Article Abstract:

Philippine Pres Fidel V. Ramos expects to lead his country towards political and economic stability. The economic ills that has been plaguing the Philippines is attributed by observers to the political instability generated by the coup attempts against the government of Corazon C. Aquino. Reforms in two key areas of the economy are needed. Tax reforms should be implemented and moves to open up the economy to foreign investments should be maintained.

Economic development, Tax reform

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